By Thomas A. Parmalee When Service Corporation International detailed its second-quarter earnings on a conference call with Wall Street analysts Aug. 2, two things got a lot of attention: its new preneed agreement with Global Atlantic and some accounting changes in SCI Direct business. Tom Ryan, the company’s president, CEO…
Read MoreOn July 31, Service Corporation International reported results for the second quarter of 2024. Second Quarter Highlights: Revenue grew $20.6 million over the second quarter of 2023. Earnings per share was $0.81 compared to $0.86 in the second quarter of 2023. Adjusted earnings per share was $0.79 compared to $0.83 in the second quarter of 2023. Net cash…
Read MoreGlobal Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, announced a 10-year partnership with Service Corporation International , positioning it to become the preferred provider of preneed insurance for North America's largest provider of funeral, cremation and cemetery services, according…
Read MoreYou may think that Kayla Blevins, general manager of Palm Northwest Mortuary in Las Vegas, which is owned by Service Corporation International, would have a hard time outdoing the fact that an entire day – April 9, 2024 – was designated as “Kayla Blevins Day” in Las Vegas. That’s how…
Read MoreOn May 1, Service Corporation International, the largest provider of death-care products and services in North America, reported results for the first quarter of 2024. Quarterly highlights included: Revenue increased $16.7 million over the first quarter of 2023. Earnings per share was 89 cents compared with 93 cents in the first…
Read MoreBy Thomas A. Parmalee Service Corporation International reported fourth-quarter earnings Feb. 12 and commented on some significant news – particularly for FuneralVision.com readers – that has been 10 years in the making. In the fourth quarter, revenue increased $28 million to $1.1 billion. The company reported adjusted diluted earnings per share of 93…
Read MoreIn a significant development for the death-care industry in Maine, three funeral homes previously under the ownership of Service Corporation International have transitioned to private ownership with Family First Funeral Homes. The three funeral homes involved in this transition are Smart & Edwards Funeral Home of Skowhegan, Birmingham Funeral Home…
Read MoreWhether you work for a large funeral home with many rooftops or you operate out of a single location and serve fewer than 100 families per year, you have to admire Service Corporation International’s dedication to encouraging the funeral directors of tomorrow. Since launching its scholarship program, SCI has awarded…
Read MoreService Corporation International shareholders had quite a week to close out October and open up November, with the stock price shooting up more than 10% the same week the company reported third-quarter earnings. On Wednesday, Nov. 1, the company reported third-quarter adjusted earnings per share of 78 cents compared to…
Read MoreService Corporation International recently announced that it is partnering with the National Alliance for Children's Grief with a grant of $250,000 for the third consecutive year. Funds will be used for programs and initiatives, including new grief support materials, for caregivers of children who have lost a loved one to substance…
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